Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

v3.21.1
Note 7 - Employee and Director Benefits (Tables)
 3 Months Ended
Mar. 31, 2021
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2021

  

Expected volatility

     40.00

%

Expected dividends

     1.78

%

Expected term (in years)

     7.5  

Risk-free rate

     2.43

%
Share-based Payment Arrangement, Option, Activity [Table Text Block]
                   

Weighted

          
           

Weighted

    

Average

          
           

Average

    

Remaining

          
           

Exercise

    

Contractual

    

Aggregate

  
   

Shares

    

Price

    

Term (years)

    

Intrinsic Value

  
                           

(In Thousands)

  

Three Months Ended March 31, 2021:

                                

Outstanding January 1, 2021

     640,950     $ 18.14       4.6     $ 16,981  

Granted

     500       32.60       8.2       14  

Exercised

     (187,500 )     9.92       3.3       9,639  

Forfeited

     (6,000 )     5.82       0.8       79  

Outstanding March 31, 2021

     447,950       19.64       4.6     $ 14,859  
                                 

Exercisable March 31, 2021

     329,700     $ 13.57       3.7     $ 15,962  
                                 

Three Months Ended March 31, 2020:

                                

Outstanding January 1, 2020

     965,248     $ 15.19       4.9     $ 21,911  

Granted

     -       -       -       -  

Exercised

     (216,000 )     10.47       3.3       4,072  

Forfeited

     (18,000 )     30.79       6.9       26  

Outstanding March 31, 2020

     731,248       17.68       5.4     $ 12,969  
                                 

Exercisable March 31, 2020

     210,500     $ 16.54       5.0     $ 7,146  
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option [Table Text Block]
   

Restricted Stock

    

Performance Shares

  
   

Shares

    

Weighted Average Grant Date Fair Value

    

Shares

    

Weighted Average Grant Date Fair Value

  

Three Months Ended March 31, 2021:

                                

Non-vested at January 1, 2021

     84,307     $ 34.92       -     $ -  

Granted

     48,217       42.07       12,437       37.05  

Vested

     (5,158 )     22.72       -       -  

Forfeited

     (5,575 )     38.96       -       -  

Non-vested at March 31, 2021

     121,791       38.08       12,437       37.05  
                                 

Three Months Ended March 31, 2020:

                                

Non-vested at January 1, 2020

     71,290     $ 31.53       -     $ -  

Granted

     15,300       39.45       -       -  

Vested

     (8,376 )     18.64       -       -  

Forfeited

     -       -       -       -  

Non-vested at March 31, 2020

     78,214       34.46       -       -